Too hot to deduct
A documented compensation study protects a growing C corporation's biggest deduction from being recast as a dividend.
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A documented compensation study protects a growing C corporation's biggest deduction from being recast as a dividend.
The federal deductions for up to $25,000 in tipped income, for a similar amount of overtime pay, and for some auto loan payments have not been widely adopted by states. As of late...
The federal deductions for up to $25,000 in tipped income, for a similar amount of overtime pay, and for some auto loan payments have not been widely adopted by states. As of late...
Deutsch v. Commissioner, T.C. Memo. 2026-66, August 12, 2026 For tax professionals representing clients who have fallen victim to fraudulent investment schemes, securing a the...
Internal Revenue Service, Fact Sheet FS-2026-13, “Updates to Questions and Answers About the New Deduction for Qualified Overtime Compensation” (August 2026) The enactment o...
10% in deductions in total doesn’t sound unreasonable at all, David. I’ve no idea what your total income is (that’s info you might want to keep private) and I’m not a huge fan of A...
From home office costs to travel expenses, discover the tax deductions employees may qualify for and how to claim them properly. The post Newly employed? Know your tax deductions ...
Suspicion Alone Cannot Justify Income Tax Additions: Supreme Court Upholds Deletion of ₹16.61 Crore Alleged Unaccounted Sales Tax Assessments Must Be Based on Evidence, Not Mathema...
Afridi says no constitutional, legal basis exists for deduction from July's transfers without consent
The employer NPS contribution is one of the few deductions left under the new tax regime. Learn who can claim the 14 per cent benefit and how it works.
Section 24(b): Processing Fee, Insurance and Maintenance Charges Can Also Qualify as “Interest” When a taxpayer borrows money to acquire a property and pays the bank not merely...
Workers generally may claim the overtime pay deduction only for amounts reported on Form W-2, Wage and Tax Statement, beginning in tax year 2026, according to updated IRS FAQs. The...
The Internal Revenue Service has updated the questions and answers in its fact sheet on the new overtime deduction under the One Big Beautiful Bill Act, now known as the Working Fa...
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